Answer:
d. $920 increase liabilities, increase expenses
Explanation:
The journal entry is given below:
On March 31
Interest Expense Dr. $920 ($92,000 × 4% × 3 ÷ 12)
To Interest Payable $920
(being interest expense is recorded)
Here interest expense is debited as it increased the expense and credited the liabilities as it also increased the liabilities
Therefore the option d is correct
Answer:
B so it said 20 characters tooblong and dont copy th rokffkmf
Answer:
$4.50
Explanation:
In order to make a profit from the futures contracts, it would be appropriate to take a long position in the June futures contract(buy) and take a short position in the December futures contract.
The investor would borrow $60 today which would necessitate paying back $60 plus a half-year in interest payment.
loan repayment=$60*(1+5%/2)=$ 61.50
In December, sell crude oil at $66 and repay the loan principal and interest
profit=$66-$61.50=$4.50
Answer:
(a) $3 per bottle
(b) $1
(c) $2
Explanation:
Given that,
Before the tax:
10 billion bottles of wine were sold every year at a price of $4 per bottle.
After the tax:
3 billion bottles of wine are sold every year. For which, consumers pay $5 per bottle (including the tax) and producers receive $2 per bottle.
Amount of the tax on a bottle of wine:
= price after tax paid by consumer - price after tax received by producer
= $5 - $2
= $3 per bottle
Burden that falls on consumers:
= Paid after tax - Paid before tax
= $5 - $4
= $1
Burden that falls on producers:
= Received before tax - Received after tax
= $4 - $2
= $2
Answer:
The correct answer is letter "D": Esteem.
Explanation:
American psychologist Abraham Maslow (1908-1970) is well-known for the Hierarchy of Needs Pyramid where he classified necessities in five (5) layers being the most important the ones at the bottom which could not allow individuals to ascend in the pyramid if they were not met. Those needs (in order of importance) are:
- Physiological needs: <em>food, shelter, clothing.
</em>
- Safety needs: <em>health, employment, personal security.
</em>
- Love and belonging: <em>friendship, family, sense of belonging.
</em>
- Esteem: <em>recognition, respect, status.
</em>
- Self-actualization: <em>morality, creativity.
</em>
Therefore, <em>by being recognized after an outperforming during the past year, Tiffany is fulfilling her esteem needs.</em>
